Currency Is Poised to Be Best Performer Among Major Rivals in 2013

The euro, once synonymous with debt crises and economic collapse, is poised to gain a new title: world's strongest major currency.

Europe's common currency has risen 3.6% against the dollar this year as the European Central Bank has stuck to less-expansive monetary policy than its U.S. counterpart, among other reasons. The euro has performed the best among heavily traded currencies like the U.K. pound and Japanese yen, with the Swiss...